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Basis Of Presentation (Tables)
 3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy
The following table summarizes fair value measurements by level at March 31, 2020 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$2  $—  $—  $2  
Interest rate swaps (included in other current and non-current liabilities)—  96  —  96  
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—  —  5  5  
The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$2  $—  $—  $2  
Interest rate swaps (included in other current and non-current liabilities)—  47  —  47  
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—  —  4  4  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis:
Level III
Fair value of contingent consideration at December 31, 2019$4  
Additions: contingent consideration related to acquisitions completed during the period1  
Reductions: payments of contingent consideration
—  
Changes in fair value (reflected in general and administrative expenses)—  
Fair value of contingent consideration at March 31, 2020$5  
Fair Value, by Balance Sheet Grouping
The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:
 March 31, 2020December 31, 2019
DebtPrincipal AmountEstimated
Fair Value (a)		Principal AmountEstimated
Fair Value (a)
Senior Secured Credit Facility:
Revolving Credit Facility$755  $755  $190  $190  
Term Loan B1,056  903  1,058  1,048  
Term Loan A Facility:
Term Loan A712  641  717  705  
5.25% Senior Notes550  519  550  557  
4.875% Senior Notes407  342  407  401  
9.375% Senior Notes550  459  550  572  
_______________
(a)The fair value of the Company's indebtedness is categorized as Level II.
Schedule of Derivative Instruments
Notional Value (in millions)Commencement DateExpiration Date
$600August 2015August 2020
$450November 2017November 2022
$400August 2020August 2025
$150November 2022November 2027
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Not Designated as Hedging InstrumentsBalance Sheet LocationMarch 31, 2020December 31, 2019
Interest rate swap contractsOther current and non-current liabilities96  47  
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The effect of derivative instruments on earnings was as follows:
Derivative Instruments Not Designated as Hedging InstrumentsLocation of Loss Recognized for Derivative InstrumentsLoss Recognized on Derivatives
Three Months Ended March 31,
20202019
Interest rate swap contractsInterest expense$51  $14  
Disaggregation of Revenue
Revenue
Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard.  The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows:
Three Months Ended March 31,
 Realogy Franchise GroupRealogy Brokerage GroupRealogy Title
Group		Corporate and OtherTotal
Company
2020201920202019202020192020201920202019
Gross commission income (a)$—  $—  $850  $799  $—  $—  $—  $—  $850  $799  
Service revenue (b)13  16  5  2  133  111  —  —  151  129  
Franchise fees (c)127  123  —  —  —  —  (56) (53) 71  70  
Other (d)28  40  14  15  4  3  (2) (2) 44  56  
Net revenues$168  $179  $869  $816  $137  $114  $(58) $(55) $1,116  $1,054  
______________
(a)Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction.
(b)Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction.
(c)Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
(d)Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees and other miscellaneous revenues across all of the business segments.
Deferred Revenue by Arrangement
The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period:
 Beginning Balance at January 1, 2020Additions during the periodRecognized as Revenue during the periodEnding Balance at March 31, 2020
Realogy Franchise Group:
Deferred area development fees (a)$48  $—  $(1) $47  
Deferred brand marketing fund fees (b)13  20  (19) 14  
Other deferred income related to revenue contracts11  8  (7) 12  
Total Realogy Franchise Group 72  28  (27) 73  
Realogy Brokerage Group:
Advanced commissions related to development business (c)9  1  (1) 9  
Other deferred income related to revenue contracts4  1  (1) 4  
Total Realogy Brokerage Group13  2  (2) 13  
Total$85  $30  $(29) $86  
_______________
(a)The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as
consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
(b)Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group.
(c)New development closings generally have a development period of between 18 and 24 months from contracted date to closing.